NS Partners Ltd boosted its stake in Facebook, Inc. (NASDAQ:FB) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 63,669 shares of the social networking company’s stock after buying an additional 74 shares during the period. Facebook makes up about 1.3% of NS Partners Ltd’s holdings, making the stock its 29th largest position. NS Partners Ltd’s holdings in Facebook were worth $9,044,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI raised its stake in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares during the period. Cohen Capital Management Inc. bought a new position in shares of Facebook during the first quarter valued at about $121,000. Cable Hill Partners LLC increased its position in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares in the last quarter. Viking Fund Management LLC bought a new position in shares of Facebook during the first quarter valued at about $142,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Facebook during the first quarter valued at about $180,000. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Facebook, Inc. (FB) traded up 0.41% during trading on Friday, reaching $168.08. 13,791,153 shares of the company were exchanged. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The firm has a 50-day moving average of $161.50 and a 200-day moving average of $147.44. The firm has a market cap of $488.14 billion, a price-to-earnings ratio of 37.62 and a beta of 0.70.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, equities analysts forecast that Facebook, Inc. will post $5.33 EPS for the current year.

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FB has been the subject of several research reports. Barclays PLC restated a “neutral” rating on shares of Facebook in a research report on Friday, April 14th. Aegis lifted their price objective on Facebook from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 price objective on shares of Facebook in a research report on Monday, April 17th. Credit Suisse Group lifted their price objective on Facebook from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, April 17th. Finally, BMO Capital Markets restated a “hold” rating and set a $150.00 price objective on shares of Facebook in a research report on Monday, April 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average price target of $182.00.

In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $171.88, for a total value of $128,910.00. Following the completion of the transaction, the vice president now owns 82,406 shares in the company, valued at $14,163,943.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 286,387 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $148.40, for a total transaction of $42,499,830.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,221,076 shares of company stock valued at $1,613,683,519. Corporate insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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